What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Related Content
Money that Buys Good Health is Never Ill Spent
It's important to make sure your retirement strategy anticipates health-care expenses.
10 Most Common and Costly Small Business Claims
Here are the 10 most common claims against small businesses. Are you covered?
Paying Off a Credit Card
Enter various payment options and determine how long it may take to pay off a credit card.